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An accounting information system (AIS) is a structure that a business uses to collect, store, manage, process, retrieve and report its financial data so that it can be used by accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors and regulatory and tax agencies.
Accounts payable, accounts receivable and trial balance are essential functions of an accounting information system. Cost and complexity can vary greatly. Accounting Software is used by businesses to help automate and manage payroll, purchase orders and more. The Accounting Software industry is now a multi-billion dollar industry with hundreds of competitive solutions available, here are the 20 best.